Queensland-based local government focused industry fund, LGIA Super has changed asset consultants – choosing JANA to replace Willis Towers Watson.
The decision to choose JANA ended the fund’s 17-year relationship with Willis Towers Watson.
Confirming the move, LGIA Super chief executive, Kate Farrar said the appointment reflected JANA’s deep understanding of members’ needs.
“As a boutique fund, LGIA Super appeals strongly to high value members starting to think about retirement and wanting confidence that their fund’s investment strategy is going to protect them from market downturns, while taking advantage of the considerable growth opportunities in the mid-market,” she said.
The selection of JANA followed a competitive tender process.
Michael Lovett, who left the investment firm just three months after launching its Vanguard Super offering, has taken up a chief executive role at an Australian asset manager.
The Central Bank of Ireland has granted the approval of Equity Trustees’ exit from its Irish operations, with the transaction expected to be complete on 30 April.
Super returns continued to climb in March, raising hopes of delivering double-digit returns by June depending on the performance of this next quarter.
The dedicated super fund for emergency services and Victorian government employees is under fire for unpaid entitlements to transport employees, which could exceed $40 million.
Add new comment